Once it is determined that insurance can be issued, the next decision is to apply the proper premium rate.Premium rates are determined for classes of insureds by the:
A) actuarial department.
B) underwriting department.
C) blockbusting department.
D) redlining department.
E) process of gentrification.
Correct Answer:
Verified
Q27: Nonproportional obligates the reinsurer to pay losses
Q28: Which of the following statements is correct
Q29: For life insurance, actuaries use _, which
Q30: Identify the process of classifying the potential
Q31: Treaty and facultative reinsurance arrangements may be
Q33: Large volumes of group business are also
Q34: Identify the characteristic feature of a broker
Q35: This analysis is a highly specialized mathematic
Q36: The insured goes with the independent agent
Q37: Direct writer market insurance through:
A)independent agents.
B)general agents.
C)subagents.
D)special
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